Director, Asset Management

Who We Are

Core Spaces (Core) is more than a real estate company its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live) GRIT (We Got This) LIFT (Help Each Other Win) SHINE (Bring Your Full Self) UPHOLD (Never Break Trust) GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010 Core is a vertically integrated company focused on acquiring developing managing and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities progressive design and hospitality-driven client service. In its award-winning student portfolio Core currently owns and/or manages over 45600 beds* and has a pipeline of over 45000 beds* in various stages of development. Cores BTR division currently has over 3000 homes under development and in its pipeline in high-growth metros across the country. For more information visit .

*Portfolio and pipeline numbers as of November 2024

Benefits That Matter

• A culture that provides you with a sense of belonging
• Hybrid or remote work options may vary by role to support work-life balance
• Competitive pay that values your contributions
• Incentives designed to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 15 holidays including your birthday to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) matching & Roth account option

Position Overview

The Director Asset Management provides a vital role in strategic company decision-making to maximize the financial performance of the Portfolio. This role will have the opportunity to manage the full business cycle of student housing investments including acquisitions ongoing asset management and disposition. The Manager will work with internal and external stakeholders to maintain a detailed pulse on each property and identify opportunities for improvements.

What You Will Do

• Manage key strategic decisions for a Portfolio of assets.
• Oversight of leasing budgeting financing and operations to maximize asset value.
• Oversee and execute annual budgeting process for respective Portfolio assets.
• Mentor inspire and manage Analyst/Associate team members
• Assess monthly financials determine key trends and create investment performance reports for executive team and equity partners.
• Work with Operations Property Accounting and other key internal stakeholders to meet deadlines for internal and external reporting and provide regular performance updates to Equity partners.
• Work with Development and Acquisition teams to review proformas business plan for potential developments and acquisitions and performing required due diligence.
• Assist in managing asset dispositions and recapitalizations including the coordination of due diligence materials and communication of asset & market history for buyers.
• Occasional travel may be necessary as needed
• Perform all other duties and tasks as assigned by management
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally youll have

• Bachelors Degree in Finance Accounting Economics Statistics Applied Mathematics
• Knowledge of and experience with commercial real estate fundamentals and investment principles.
• 7 years of relevant industry experience.
• Advanced financial modeling skills including Microsoft Excel Word and PowerPoint skills.
• Strong analytical skills and attention to detail.
• Works well independently and as a member of a team.
• Excellent written and verbal communication skills.
• Committed to excellence and high standards.
• Demonstrates utmost level of integrity in all instances and shows respect towards others
• Willingness and ability to travel occasionally
  

Youll crush it if you have experience with

• Experience in overseeing the full business cycle of student housing investments
• Communicating with equity partners investors and lenders along with a deep understanding of joint venture agreements and loan documents.
• Experience in mentoring inspiring and managing Analyst/Associate team members

Organizational Structure

Reports to: Managing Director Asset Management

Direct Reports: Associate Asset Management

Disclaimer: Please note that job responsibilities reporting lines and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.